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Climate risks rise, but businesses stay focused on short-term challenges: Beazley report
Despite a surge in extreme weather events, only 20% of executives rank climate-related catastrophic risk as a top concern. At the same time, 72% report adopting new risk management procedures in response to severe weather, signalling a reactive rather than proactive approach to climate adaptation. Insurers warn that without stronger risk mitigation strategies, businesses could…
The future of underwriting: how technology is transforming commercial auto insurance
From legacy processes to digital workflows Traditionally, underwriting commercial auto risk meant hours spent gathering driver records, vehicle histories, safety scores, and financial statements, often via fax or email. Applications could take days, even weeks, to process. In a market where customers demand instant quotes and rapid bind-to-issuance, legacy processes fall short. Source link
Tennessee court orders Cincinnati and Auto-Owners to share defense costs in property manager lawsuit
In a decision that could ripple through the commercial insurance landscape, the Tennessee Court of Appeals has ruled that two insurers must share responsibility for defending a property management company in a premises liability lawsuit. The decision, issued May 21, 2025, in HG Jones, LLC v. Jordan Howell et al., offers a cautionary tale about…
Insurance moves: CRC Group, Neptune Flood, Lockton and Allianz Commercial
Lockton names US industry practices leader Lockton, a privately held independent insurance brokerage, has appointed Chris DiLullo (pictured immediately above, left) as its first US industry practices leader. In this new role, DiLullo will be responsible for leading the company’s national strategy across key industries, including construction, healthcare, law firms, life sciences, real estate, energy…
Brighthouse Financial reports first-quarter financial results
At the end of the quarter, Brighthouse reported common stockholders’ equity, or book value of $3.5 billion, or $61.17 per common share. Excluding accumulated other comprehensive income (AOCI), the company’s book value stood at $8.2 billion, or $141.87 per share. Source link
Driving change: How America’s auto insurance giants are rerouting for the future
Insurance Business’ latest Competitor Analysis – Private Passenger Auto Insurance offers a rare and behind-the-headlines view of how these five behemoths are navigating the post-pandemic auto insurance landscape, one defined by margin compression, loss volatility, and digital acceleration. The report dissects the real-time consequences of strategy, structure, and speed by drawing on insights from leading…